Printer Friendly

CABOT MEDICAL ANNOUNCES SALES AND EARNINGS FOR FIRST QUARTER

 CABOT MEDICAL ANNOUNCES SALES AND EARNINGS FOR FIRST QUARTER
 LANGHORNE, Pa., March 16 /PRNewswire/ -- Cabot Medical Corporation (NASDAQ-NMS: CBOT) today announced sales and earnings for the first quarter ended Feb. 1, 1992.
 Net sales for the first quarter were up 17 percent to $10,847,000, compared with $9,253,000 in the prior year's first quarter. Net earnings for the period were up 20 percent to $696,000 or $.09 per share, compared to the previous year's net earnings of $580,000 or $.07 per share on a fully diluted basis.
 Commenting on the first quarter results, Warren G. Wood, chairman of Cabot Medical, stated, "We continue to make progress in capturing an increasing share of the minimally invasive surgical device market. The new products we introduced late in the fourth quarter are now beginning to add to our revenue stream and we expect to see a greater contribution from these products in the future."
 The results for the first quarter do not include any benefit accruing from the recently announced agreement to acquire the assets of the Surgitek division of Bristol-Myers Squibb Company (NYSE: BMY).
 Cabot Medical Corporation designs, develops, manufactures and markets a variety of medical devices and systems for minimally invasive general and gynecological surgical and diagnostic procedures.
 CABOT MEDICAL CORPORATION
 (Unaudited)
 Three months ended 2/1/92 2/2/91
 Net sales $10,847,000 $9,253,000
 Net earnings $ 696,000 $ 580,000
 Earnings per common
 share and common
 share equivalents:
 Primary $.09 $.08
 Fully diluted .09 .07
 Weighted average
 number of common
 shares and common
 share equivalents:
 Primary 7,921,339 7,722,059
 Fully diluted 7,933,198 7,826,759
 /delval/
 -0- 3/16/92
 /CONTACT: Marvin Sharfstein of Cabot Medical, 215-752-8300/
 (CBOT BMY) CO: Cabot Medical Corporation ST: Pennsylvania IN: MTC SU: ERN


MK-JS -- PH013 -- 8254 03/16/92 11:12 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 16, 1992
Words:312
Previous Article:W.W. GRAINGER, INC. REACHES AN AGREEMENT IN PRINCIPLE TO ACQUIRE LAB SAFETY SUPPLY
Next Article:CHAMPION/U.A.W. TALKS RESULT IN NEW THREE-YEAR PACT
Topics:


Related Articles
CABOT MEDICAL ANNOUNCES RECORD QUARTER AND FISCAL YEAR END RESULTS; COMPANY ONCE AGAIN ATTAINS RECORD SALES AND EARNINGS
CABOT MEDICAL RELEASES ADDITIONAL FINANCIAL INFORMATION; COMPANY ONCE AGAIN ATTAINS RECORD SALES AND EARNINGS
CABOT MEDICAL ANNOUNCES SECOND QUARTER AND FIRST HALF RESULTS
CABOT MEDICAL CORPORATION ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS
CABOT MEDICAL ANNOUNCES YEAR END RESULTS
CABOT MEDICAL ANNOUNCES FINAL 1993 FISCAL YEAR RESULTS
CABOT MEDICAL ANNOUNCES FIRST QUARTER RESULTS
CABOT MEDICAL ANNOUNCES SECOND QUARTER AND FIRST HALF RESULTS
CABOT MEDICAL ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS
CABOT MEDICAL ANNOUNCES PRELIMINARY YEAR END RESULTS WITH RECORD EARNINGS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters